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Vietnam to integrate stock indices in 2016
In a Q2 press conference, General Director of the Ho Chi Minh Stock Exchange (HOSE) Tran Van Dung said that markets in Hanoi and Ho Chi Minh City signed a cooperation agreement on April 12 to integrate into a single index in 2016.
HNX and HOSE will be combined into a common index. Photo by VnExpress
With the inclusion of the UPCoM market, HNX has more than 700 enterprises, double the number listed on the HOSE.
International investors are taking more interest in Vietnam's stock markets. So far this year, they've accounted for 17 to 18 percent of the whole market.
Dung said that teams from the HNX and HOSE will work on technical specifications, a name and operational approach. Infrastructure is expected to be finished in the third or fourth quarter this year, and the new general index will go into operation by the year-end.
Regarding the derivatives market, the head of HOSE said the HNX along with Vietnam Securities Depository (VSD) will announce technical specifications this April for stock companies to develop infrastructure.
The general director said preparations for the derivatives market will be finished in 2016 but it will only launch in 2017 due to a training and testing lag.
Labour leader Corbyn says UK govt 'unfit' to negotiate Brexit
Peterborough (United Kingdom) (AFP) - British opposition leader Jeremy Corbyn accused Prime Minister Theresa May's government on Tuesday of being "unfit" to negotiate Brexit, saying it has no plan and cannot make a success of leaving the European Union."At no point since the Second World War has Britain's ruling elite so recklessly put the country in such an exposed position without any plan," the Labour leader told supporters in Peterborough, central England."As a result they're now reduced to… chat_bubble_outline Read More...
Health insurance card a booming success: Minister
As many as 81.7 percent of the population join health care insurance (Illustrative image. Source: VNA) Hanoi (VNA) - The percentage of Vietnamese citizens with health care insurance has risen dramatically, reaching 81.7 percent as of last year thanks to new regulations in the Health Insurance Law, said Minister of Heath Nguyen Thi Kim Tien. “This proves that the legal regulations are practical and effective measures to reach the target of universal health care,” she said at meeting of the… chat_bubble_outline Read More...
Toshiba tumbles for third day as second downgrade fans writedown fears
TOKYO (Reuters) - Shares in Toshiba fell more than 19 percent in morning trade on Thursday, clocking a third day of heavy losses after the Japanese tech-to-nuclear conglomerate said earlier this week it faced a potential multi-billion dollar writedown.Late on Wednesday, Moody's became the second rating agency to downgrade the group, pushing it deeper into "junk", or non-investment grade territory, with a Caa1 rating, from B3."Although Toshiba is still assessing the exact amount of the… chat_bubble_outline Read More...
Vietnam confirms first microcephaly case likely linked to Zika
A city worker fumigates the area to control the spread of mosquitoes at a university in Bangkok, Thailand, Sept. 13, 2016. Photo by Reuters/ Athit Perawongmetha Health authorities in Vietnam confirmed on Sunday the first most likely Zika related microcephaly case in the country. The link to the virus was confirmed by laboratory tests, said health officials. On October 14, Vietnam reported the first suspected case of the Zika-linked brain defect syndrome microcephaly in the Central Highlands… chat_bubble_outline Read More...
Ten enterprises invest VND17 trillion into Ha Nam
Worthy of special mention is a US$300 million project invested by the Seoul Semiconductor group from the Republic of Korea. Also on the occasion, the Bank for Investment and Development of Vietnam (BIDV) pledged VND20 trillion (US$900 million) in credit for developing the infrastructure facilities of local industrial parks (IPs) and supporting investors in the IPs, particularly those from Japan, the Republic of Korea, Taiwan (China). The local government and BIDV’s branch in Ha Nam also… chat_bubble_outline Read More...